Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $248,999

• 1f · All other contributions, gifts and grants

  $19,409,951

• 2a · Program service revenue: NET PATIENT REVENUE

  total $30,731,989 · related or exempt $30,731,989

• 3 · Investment income

  total $69,885 · excluded $69,885

• 11a · Other revenue: INCENTIVE BONUS

  total $51,085 · excluded $51,085

• 11b · Other revenue: OTHER INCOME

  total -$8,330 · excluded -$8,330

• 11e · Other revenue, total

  $42,755

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $767,044 · management and general $767,044

• 7 · Other salaries and wages

  total $23,862,799 · program services $19,934,349 · management and general $3,928,450

• 8 · Pension plan contributions

  total $942,594 · program services $773,644 · management and general $168,950

• 9 · Other employee benefits

  total $3,664,776 · program services $2,945,528 · management and general $719,248

• 10 · Payroll taxes

  total $1,565,114 · program services $1,239,020 · management and general $326,094

• 11b · Fees: legal

  total $163,162 · management and general $163,162

• 11c · Fees: accounting

  total $400 · management and general $400

• 11f · Fees: investment management

  total $91,551 · management and general $91,551

• 11g · Fees: other

  total $11,114,962 · program services $8,795,965 · management and general $2,318,997

• 12 · Advertising and promotion

  total $110,446 · program services $57,778 · management and general $52,668

• 13 · Office expenses

  total $320,634 · program services $167,734 · management and general $152,900

• 14 · Information technology

  total $98,725 · program services $51,646 · management and general $47,079

• 16 · Occupancy

  total $3,078,518 · program services $2,842,351 · management and general $236,167

• 17 · Travel

  total $127,692 · program services $66,800 · management and general $60,892

• 19 · Conferences, conventions and meetings

  total $12,274 · program services $6,421 · management and general $5,853

• 22 · Depreciation, depletion and amortization

  total $313,815 · program services $180,984 · management and general $132,831

• 23 · Insurance

  total $827,776 · management and general $827,776

• 24a · Other expenses: BAD DEBT

  total $3,763,806 · program services $3,763,806

• 24b · Other expenses: RECRUITMENT

  total $553,422 · program services $289,514 · management and general $263,908

• 24c · Other expenses: MEDICAL SUPPLIES

  total $432,631 · program services $432,631

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $137,373 · program services $71,864 · management and general $65,509

• 24e · All other expenses

  total $99,417 · program services $56,465 · management and general $42,952

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $200

• 2 · Savings and temporary cash investments

  beginning of year $7,016,557 · end of year $2,059,864

• 4 · Accounts receivable

  beginning of year $3,147,986 · end of year $5,116,292

• 9 · Prepaid expenses and deferred charges

  beginning of year $639,328 · end of year $685,062

• 10a · Land, buildings and equipment: cost or other basis

  $3,615,403

• 10b · Land, buildings and equipment: accumulated depreciation

  $2,271,506

• 10c · Land, buildings and equipment, net

  beginning of year $1,292,633 · end of year $1,343,897

• 14 · Intangible assets

  end of year $8,242,197

• 15 · Other assets

  beginning of year $670,451 · end of year $872,842

• 17 · Accounts payable and accrued expenses

  end of year $34,683

• 18 · Grants payable

  beginning of year $441,521 · end of year $0

• 25 · Other liabilities

  beginning of year $10,482,464 · end of year $17,988,053

• 27 · Net assets without donor restrictions

  beginning of year $1,566,941 · end of year $21,589

• 28 · Net assets with donor restrictions

  beginning of year $276,029 · end of year $276,029

The filer's explanations (Part III)

PART I, LINE 7

PPI UTILIZES A MANAGEMENT INCENTIVE PLAN (THE "PLAN"). THE PURPOSE OF THE PLAN IS TO FURTHER THE MISSION OF THE PENNSYLVANIA PSYCHIATRIC INSTITUTE BY PROMOTING EFFECTIVE MANAGEMENT OF OPERATIONS, QUALITY OF CARE AND SERVICE, AND WISE USE OF RESOURCES IN MEETING COMMUNITY NEEDS. THE PLAN IS INTENDED TO HELP PPI ATTRACT AND RETAIN EXECUTIVES OF THE CALIBER IT NEEDS TO BE SUCCESSFUL BY PROVIDING MEANINGFUL INCENTIVES AND REWARDS FOR SUPERIOR PERFORMANCE AND A COMPETITIVE LEVEL OF TOTAL CASH COMPENSATION. NO AWARDS SHALL BE PAID UNLESS PPI MAINTAINS ITS JOINT COMMISSION ON ACCREDITATION OF HEALTHCARE ORGANIZATIONS ACCREDITATION, MEETS ITS OBLIGATIONS TO PROVIDE SUFFICIENT LEVEL OF CHARITABLE CARE AND COMMUNITY BENEFIT TO SATISFY STANDARDS IMPOSED UNDER ACT 55 AND ACHIEVES 90% OF BUDGETED OPERATING MARGIN INCLUDING PLAN EXPENSE. A HOSPITALIST MAY QUALIFY FOR ADDITIONAL COMPENSATION BY MEETING QUALITY OF CARE OUTCOME INDICATORS AGREED UPON BETWEEN THE CHIEF MEDICAL OFFICER AND THE HOSPITALIST. THE ADDITIONAL COMPENSATION MAY BE NO MORE THAN $6,000 ANNUALLY.